McKinney Estate Planning Lawyers for Living Trusts

What is a Living Trust?

When individuals with family and loved ones die, they want to be able to
leave as many assets as possible to those they care about and avoid the
costly fees associated with probate lawyers. If this is your goal, creating
a living trust may be the perfect option.

A living trust is a legal document that you create during your lifetime
naming your specific desires with regards to assets, dependents, and your
heirs. Upon death, your trust may bypass the probate process completely
and a successor trustee will be tasked with carrying out its instructions.

Some of the benefits of creating a living trust may include:

Ensuring that your final wishes will be carried out

Avoiding the time, cost, and hassle of the probate process

Saving money on estate taxes

Types of Living Trusts

There are two basic types of living trusts, which are basic living trusts
and AB trusts. A basic living trust is used both for individuals and couples,
and are used to avoid the probate process. An AB trust is intended solely
for couples and to avoid the probate process while also helping you save
on estate taxes.

Let Us Help You Find the Best Option for Your Unique Situation

At The Willingham Law Firm, PC, our McKinney estate planning attorneys
can sit down with you during your free consultationto better understand your needs and concerns and recommend what type of
living trust may be the best option for your situation.

Your goals are our goals, and we are committed to ensuring that your wishes
are clearly expressed and your loved ones are well taken care of long
after your death.

Recent Reviews
From Satisfied Clients

“The Willingham Law Firm created our trusts for our children. I was amazed at how simple he made the process.
”

Curt Webber

Mr Willingham and his staff were more than competent, They were friendly and they treated us with a great deal of respect.

“My wife and I went to discuss having wills drawn. Mr Willingham and his staff were more than competent, They were friendly and they treated us with a great deal of respect. We did not have a great deal of money or assets but they spent the time needed to make us feel comfortable. Besides that Mr. Willingham explained the 4 documents that were the most important to us in our situation, gave us very sound advice on protecting the assets we have. It was a great experience. They really understand Elder law and what is important to those of us getting on in years.”

Ron Ramsey

Taylor and his office are exceptional

“Taylor and his office are exceptional. I am always treated like family. I know the advice is coming from an expert in the field. I have referred all of my friends and family here and they've all had the same experience. Planning is something everyone needs to be prepared for and they make it painless.”

Elizabeth Hardwick

Me and my husband went to Willingham Law Firm to have wills done in our new home state of Texas.

“Me and my husband went to Willingham Law Firm to have wills done in our new home state of Texas. Taylor and his staff exhibited extreme knowledge and skill with regard to estate law, which, in turn, put us at ease with the decisions we had to make. They guided us through each step and we couldn't be more pleased with the outcome. This place is top-notch! Thank you for all your help.”

Stacy Rollans

I've worked with Taylor for a number of years. He is knowledgeable, passionate, and respectful to his clients.

“I've worked with Taylor for a number of years. He is knowledgeable, passionate, and respectful to his client. Have a conversation with him! It's worth spending the time to talk with him about your estate plan or other legal needs.”

The information on this website is for general information purposes only.
Nothing on this site should be taken as legal advice for any individual
case or situation. This information is not intended to create, and receipt
or viewing does not constitute, an attorney-client relationship.